News

Jeff Bezos sells Amazon shares worth US$2.5 billion in May

The world’s richest man, Jeff Bezos, has sold 739,032 shares of the company that he founded – Amazon Inc (NASDAQ: AMZN) – for US$2.4...

GM Expects Strong First Half; Uber Cuts Q1 Loss On Food Delivery Gro...

Summary GM CEO Mary Barra said the company anticipates a strong first half with adjusted EBIT around US$5.5 billion. Uber’s gross booking in...

Uber, Lyft Stocks Tumble As Biden Scraps Trump-Era Gig Worker Rule

Summary Defending the decision, Labor Secretary Marty Walsh said the new policy would help protect essential workers' rights. Uber was down 3.42%...

Dow Jones, S&P 500 Close Higher As Energy Stocks Rally

The U.S. stock market benchmark indexes Dow Jones Industrial Average and S&P 500 ended higher on Wednesday, May 5, following a strong rally in ene...

ANTG Becomes The First Aussie Company To Export Medicinal Cannabis T...

Summary Australian Natural Therapeutics Group enters a partnership with NUBU Pharmaceuticals to ship medicinal cannabis flower to New Zealand. The...

New Cryptocurrency Index Takes Crypto Closer to Mainstream

Summary S&P Dow Jones has launched a new series of digital asset benchmarks, further cementing the digital asset class as a mainstream option f...

Can Dogecoin Hit $1 Before Elon Musk's SNL Debut?

Dogecoin (Doge) set a fresh record high on Wednesday, May 5 (2AM EST), smashing over US$ 0.69 apiece. The meme-inspired cryptocurrency, which is also...

Ethereum creator becomes a billionaire at just 27 as the crypto pric...

Summary Ethereum has reached a unit value of AU$4,291 for the first time in its history. The sudden surge of the second largest cryptocurrency has...

New Zealand Remains Upbeat As Unemployment Rate Decreases

Summary New Zealand’s economy showed early signs of revival amid the coronavirus pandemic as compared to other countries. The country's unem...

New Zealand Sets Different Pay Parameters For public sector workers

The New Zealand Government announced Wednesday that public sector workers earning over $100,000 would not get any pay increase while those earning mor...

Hang Seng, ASX 200 top gainers in APAC; Taiwan indices tumble

Summary Hang Seng, ASX outperform APAC. Taiwan indices are the worst-hit. China, Japan markets remain closed on Wednesday. Australian benchm...

High-decibel chorus for national lockdown fails to sway Modi

The calls for nationwide lockdown in India have gained momentum as surging COVID-19 cases and deaths have shattered the country and crippled its healt...

NZ Financial system in healthy state, but vulnerabilities persist: R...

Summary RBNZ stated that financial vulnerabilities were still intact and more action was needed there. Border restrictions, supply-chain disturban...

S&P Dow Jones Indices test the waters in digital assets

In what seems to add deeper mainstream hue to cryptocurrencies, the world’s largest index provider – S&P Dow Jones Indices (S&P DJ...

Improved Outlook, Strong Earnings Push CVS, Gartner Stocks Higher

Summary CVS Health now projects its 2021 adjusted EPS in the range of US$7.56 to US$7.68. Gartner raised its adjusted earnings per share forecast...

BNPL Giant Klarna Enters New Zealand Market, Promises Smooth Custome...

Summary Buy-Now-Pay-Later schemes are booming amid the coronavirus pandemic. With varied payment options, customers can now even make big purchase...

NASDAQ, S&P 500 End Lower Weighed Down By Tech Stocks

U.S. stock market benchmark indexes NASDAQ Composite and S&P 500 closed lower on Tuesday, May 4, amid sell-off in the technology sector. However,...

10 Things to Know About Digital Artwork and NFTs

Summary NFTs are the latest craze in the investment sphere with many turning to the unconventional tool to keep as a collectible. Big brands have...

Doge To The Moon! Dogecoin Hits Record High Ahead Of Musk’s SNL Debu...

Cryptocurrency Dogecoin surpassed Stellar to take the fourth position in terms of market cap after it recorded an all-time high of US$ 0.495439 apiece...

Why Commodities Index Hit at A Nine-Year High 

Summary The Bloomberg commodity spot index surged to nine-year high levels amid robust economic recovery. Almost all the commodities are rallying...